<SEC-DOCUMENT>0001558370-16-007235.txt : 20160803
<SEC-HEADER>0001558370-16-007235.hdr.sgml : 20160803
<ACCEPTANCE-DATETIME>20160803161022
ACCESSION NUMBER:		0001558370-16-007235
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160803
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160803
DATE AS OF CHANGE:		20160803

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AxoGen, Inc.
		CENTRAL INDEX KEY:			0000805928
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				411301878
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36046
		FILM NUMBER:		161803934

	BUSINESS ADDRESS:	
		STREET 1:		13859 PROGRESS BLVD.
		STREET 2:		SUITE 100
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615
		BUSINESS PHONE:		(386) 462-6817

	MAIL ADDRESS:	
		STREET 1:		13859 PROGRESS BLVD.
		STREET 2:		SUITE 100
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LECTEC CORP /MN/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>axgn-20160803x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			axgn_Current_Folio_8K
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:13.5pt;">UNITED STATES </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:13.5pt;">SECURITIES AND EXCHANGE COMMISSION </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:18pt;">Form 8-K</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:12pt;">Current Report </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:12pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Date of Report (Date of earliest event reported):&nbsp; August 3, 2016</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:18pt;">AXOGEN, INC. </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">(</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exact name of registrant as specified in its charter)</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Minnesota</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">001-36046</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(State or other jurisdiction of</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><br /><font style="display:inline;font-family:Times New Roman,Times,serif;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">incorporation)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;">(</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Commission File Number)</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(IRS Employer</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Identification No.)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">13631 Progress Boulevard, Suite 400,</font><br /><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Alachua, Florida</font></p>
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						&nbsp;</p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">32615</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(Address of Principal Executive Offices)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(Zip Code)</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Registrant&#x2019;s telephone number, including area code</font>
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			<font style="display:inline;">&nbsp;</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">(386) 462-6800</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;">(Former name or former address if changed since last report,)</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font>
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			&nbsp;
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			<font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">Item 2.02&nbsp; Results of Operations and Financial Condition</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">On August 3, 2016, AxoGen, Inc. (&#x201C;AxoGen&#x201D;) issued a press release announcing its financial results for the quarter and six months ended June 20, 2016.&nbsp; A copy of the press release is furnished as Exhibit&nbsp;99.1 to this Current Report.</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">The information furnished pursuant to Item 2.02 of this Current Report, including Exhibit&nbsp;99.1 hereto, shall not be considered &#x201C;filed&#x201D; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Exchange Act, unless the Company expressly sets forth in such future filing that such information is to be considered &#x201C;filed&#x201D; or incorporated by reference therein.</font>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Item 9.01. Financial Statements and Exhibits&nbsp; </font>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 36pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(d)</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibits</font>
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			<font style="display:inline;">&nbsp;</font>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibit No.</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:05.56%;padding:0pt 5.8pt 0pt 5.8pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:80.50%;border-bottom:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:13.94%;border-top:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">99.1</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:05.56%;padding:0pt 5.8pt 0pt 5.8pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:80.50%;border-top:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">AxoGen, Inc. press release, dated August 3, 2016.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"></font>
		</p>
		<p style="margin:0pt -18pt 0pt 0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt -18pt 0pt 0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:24.5pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">AXOGEN, INC.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:50.82%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:04.18%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:45.00%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Date: August 3, 2016</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:04.18%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">By:</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:45.00%;border-bottom:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">/s/ Gregory G. Freitag</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:50.82%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:04.18%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:45.00%;border-top:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Gregory G. Freitag</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:50.82%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:04.18%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:45.00%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">General Counsel &amp; Senior VP of Business Development</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;"></font>
		</p>
		<p style="margin:0pt;text-indent:24.5pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-indent:24.5pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:05.56%;padding:0pt 5.8pt 0pt 5.8pt;height:1.00pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:13.94%;border-bottom:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibit No.</font></p>
				</td>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:80.50%;border-bottom:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:13.94%;border-top:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">99.1</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:05.56%;padding:0pt 5.8pt 0pt 5.8pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						&nbsp;</p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">AxoGen, Inc. press release, dated August 3, 2016.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>axgn-20160803ex991dcf2ac.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Merrill Bridge  6.2.124.0-->
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		<title>
			axgn_Ex99_1
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	</head>
	<body><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;">
			<a name="_GoBack"></a><font style="display:inline;font-family:Calibri Light;font-weight:bold;font-size:12pt;">Exhibit 99.1</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"><img src="axgn20160803ex991dcf2ac001.jpg" style="width: 2.127517in; height: 0.6775929in" alt="axogen-inc-logo.jpg"></font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;color:#FF0000;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 14pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:14pt;">AxoGen, Inc. Reports Financial Results for Second Quarter 2016</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Second Quarter Revenues of $10.4M grew 62% over prior year</font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">ALACHUA, FL &#x2013; August 3, 2016 &#x2013; </font><font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen, Inc. (NASDAQ: AXGN), a global leader in innovative surgical solutions for peripheral nerve injuries, today announced financial results for the second quarter ended June 30, 2016 and provided a business update.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;background-color:white;">Second Quarter 2016 Year-Over-Year Financial and Recent Business Highlights</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Revenue of $10.4 million up 62% compared to 2015 revenue of $6.4 million</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Gross margin of 85.2% compared to 2015 gross margin of 83.8%</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Improved EBITDA loss of $1.5 million compared to 2015 EBITDA loss of $2.1 million </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Six peer reviewed publications year to date</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">New data presented in four presentations at the 2016 Federation of European Societies for Surgery of the Hand</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">AxoGen was added to the 2016 Russell 2000&#xAE; Index</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">&#x201C;We are very pleased with our quarterly results as we continue to execute our strategy&#x201D;, commented Karen Zaderej, President and Chief Executive Officer. &#x201C;This is the first time that our revenue has exceeded $10 million in a quarter and marks the twenty second consecutive quarter of year over year double digit revenue growth. Our revenue growth continues to be fueled by deeper penetration into existing accounts as well as the addition of new accounts. Moreover, we are reducing our operating loss while continuing to grow in our largely untapped market. With our innovative products and efforts in market development, we believe we are changing how surgeons perform nerve repair.&#x201D;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;background-color:white;">Additional Operational and Financial Highlights</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Active accounts in the second quarter numbered 374 up 42% from 264 a year earlier </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Identified over 5,100 potential accounts in the U.S. alone</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Ended the quarter with 44 direct sales representatives up from 32 a year ago</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Year to date have conducted 6 national education courses with 165 surgeons</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Adding one additional national surgeon education course for a total of 13 this calendar year</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Ended the quarter with $18.3 million in cash and $25.0 million in debt</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;color:#000000;">Use of cash in the quarter was $2.7 million</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;"><font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">2016 Financial Guidance </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Management is increasing its full year 2016 revenue guidance to over $40 million and increasing its full year 2016 gross margin guidance to exceed 80%.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Upcoming Events</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">The Company will be presenting additional data and hosting a small investor event at the American Society of Surgery for the Hand 2016 Meeting in Austin, Texas on Wednesday, September 28.&nbsp;&nbsp;The investor event will provide an opportunity to hear directly from key surgeons on current trends in nerve repair and their use of the AxoGen portfolio of products.&nbsp; </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">The Company is also announcing that it will be conducting its first analyst and investor day on Monday</font><font style="display:inline;font-family:Calibri;font-size:12pt;">, November 21 </font><font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">in New York City.&nbsp;&nbsp;This event will provide an additional opportunity to educate the investment community about the Company and introduce them to surgeons that use the AxoGen portfolio of products.&nbsp; </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Ms. Zaderej summarized, &#x201C;We believe we are making the right investments in our business and executing well on our strategy. We are seeing positive changes in our industry as surgeons increasingly adopt our innovative proprietary products in their nerve repair algorithms. We believe we are just scratching the surface of our market potential and have years of growth ahead as we move towards profitability.&#x201D;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;background-color:white;">Conference Call</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">The Company will host a conference call and webcast for the investment community today at 4:30 PM ET. Investors interested in participating by phone are invited to call toll free at 1.877.407.0993 or use the direct dial-in number 1.201.689.8795. Those interested in listening to the conference call live via the Internet may do so by visiting the Investors page of the company's website at www.axogeninc.com and clicking on the webcast link on the Investors home page.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Following the conference call, a replay will be available on the Company&#x2019;s website at www.AxoGenInc.com, under &#x2018;Investors.&#x2019;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">About AxoGen </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<a name="h.30j0zll"></a><font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen (AXGN) is a global leader in innovative surgical solutions for peripheral nerve injuries. AxoGen&#x2019;s portfolio of products includes Avance&#xAE; Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site, AxoGuard&#xAE; Nerve Connector, a porcine submucosa extracellular matrix ("ECM") coaptation aid for tensionless repair of severed nerves, and AxoGuard&#xAE; Nerve Protector, a porcine submucosa ECM product used to wrap and protect injured peripheral nerves and reinforce the nerve reconstruction while preventing soft tissue attachments. Along with these core surgical products, AxoGen also offers AxoTouch</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4pt;position:relative;line-height:100%">TM</font><font style="display:inline;font-family:Calibri;font-size:12pt;"> Two-Point Discriminator and AcroVal</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4pt;position:relative;line-height:100%">TM</font><font style="display:inline;font-family:Calibri;font-size:12pt;"> Neurosensory &amp; Motor Testing System. These evaluation and measurement tools assist healthcare professionals in detecting changes in sensation, assessing return of sensory, grip and pinch function, evaluating effective treatment interventions, and providing feedback to patients on nerve function. The AxoGen portfolio of products is available in the United States, Canada, the United Kingdom and several European and international countries. </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;"><font style="display:inline;font-family:Calibri;font-size:12pt;">Cautionary Statements Concerning Forward-Looking Statements</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;">This Press Release contains "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or predictions of future conditions, events or results based on various assumptions and management's estimates of trends and economic factors in the markets in which we are active, as well as our business plans. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "projects", "forecasts", "continue", "may", "should", "will" variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements may include, without limitation, statements regarding our growth, our 2016 guidance, product development, product potential, financial performance, sales growth, product adoption, market awareness of our products, data validation, our visibility at and sponsorship of conferences and educational events. The forward-looking statements are subject to risks and uncertainties, which may cause results to differ materially from those set forth in the statements. Forward-looking statements in this release should be evaluated together with the many uncertainties that affect AxoGen's business and its market, particularly those discussed in the risk factors and cautionary statements in AxoGen's filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. The forward-looking statements are representative only as of the date they are made, and, except as required by law, AxoGen assumes no responsibility to update any forward-looking statements, whether as a result of new information, future events or otherwise.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">About Non-GAAP Financial Measures</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;">To supplement our consolidated financial statements, we use the non-GAAP financial measure of EBITDA, which measures earnings before interest, income taxes, depreciation and amortization. </font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;color:#000000;font-size:10pt;">We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons.&nbsp; We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance and liquidity and that both management and investors benefit from referring this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods.&nbsp; We believe this non-GAAP financial measure is useful to investors because (1) it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our institutional investors and the analyst community to help them analyze the performance of our business.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Contacts:</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen, Inc.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Peter J. Mariani, Chief Financial Officer</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">InvestorRelations@AxoGenInc.com</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">The Trout Group &#x2013; Investor Relations </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Brian Korb </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">646.378.2923</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">bkorb@troutgroup.com</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;font-family:Calibri;font-weight:bold;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font>
		</p>
		<p style="margin:6pt 0pt 0pt;color:#000000;text-align:left;font-family:Times New Roman,Times,serif;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.84%;background-color: #FFFFFF;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30,&nbsp;2016</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">December&nbsp;31,</font></p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.58%;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.58%;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Assets</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Current assets:</font></p>
				</td>
				<td valign="middle" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Cash and cash equivalents</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,273,203&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,909,500&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Accounts receivable</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,072,121&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,782,989&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Inventory</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,322&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,933,960&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Prepaid expenses and other</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>615,511&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>424,925&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Total current assets</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,747,157&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,051,374&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Property and equipment, net</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,260,190&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>970,870&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>743,390&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>678,082&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,750,737&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,700,326&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Liabilities and Shareholders&#x2019; Equity (Deficit)</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Current liabilities:</font></p>
				</td>
				<td valign="middle" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Accounts payable and accrued expenses</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,893,834&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,695,127&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Current deferred revenue</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,593&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,118&nbsp;
				</td>
				<td valign="top" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-indent:10.05pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Total current liabilities</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,922,427&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,709,245&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Note Payable - Revenue Interest Purchase Agreement</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,952,201&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,701,693&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Long Term Deferred Revenue</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,006&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,797&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Total liabilities</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,957,634&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,504,735&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Shareholders&#x2019; equity:</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Common stock, $.01 par value; 50,000,000 shares authorized;&nbsp;&nbsp;30,128,099 and 29,984,591 shares issued and outstanding</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>301,281&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>299,846&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Additional paid-in capital</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>112,443,288&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111,368,424&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Accumulated deficit</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(109,951,466)
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(103,472,679)
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Total shareholders&#x2019; equity </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,793,103&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,195,591&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,750,737&nbsp;
				</td>
				<td valign="bottom" style="width:01.64%;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,700,326&nbsp;
				</td>
				<td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;font-family:Calibri;font-weight:bold;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">Three and Six Months ended June 30, 2016 and 2015</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">(unaudited)</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.10%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:51.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:09.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:09.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:09.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:09.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="5" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:22.20%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="5" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:22.26%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">Six&nbsp;Months&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:10.26%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:01.66%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:10.26%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:10.28%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:01.66%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:10.30%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:10.26%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:10.26%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:10.28%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:10.30%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Revenues</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,381,883&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,417,253&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,493,642&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,368,569&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Cost of goods sold</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,534,412&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,039,841&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,940,003&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,722&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Gross profit</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,847,471&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,377,412&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,553,639&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,345,847&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Costs and expenses:</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Sales and marketing</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,780,363&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,812,262&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,986,238&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,744,783&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Research and development</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>936,823&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,399&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,915,163&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,407,435&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">General and administrative</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,736,255&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,982,020&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,881,012&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,890,602&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Total costs and expenses</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,453,441&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,530,681&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,782,413&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,042,820&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Loss from operations</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,605,970)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,153,269)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,228,774)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,696,973)
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Other income (expense):</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Interest expense</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,163,413)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,023,774)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,166,440)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,018,522)
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Interest expense&#x2014;deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,696)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31,210)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63,506)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(64,956)
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Other income (expense)</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(617)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,380&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,067)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,378&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Total other income (expense)</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,196,726)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,037,604)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,250,013)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,069,100)
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:9pt;">Net loss</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,802,696)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,190,873)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.96%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,478,787)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.98%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,766,073)
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.94%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.96%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.98%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:51.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Weighted Average Common Shares outstanding &#x2013; basic and diluted</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,079,960&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.94%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,928,435&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.96%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,037,013&nbsp;
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:01.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:00.98%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:09.32%;border-bottom:2pt double #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,729,558&nbsp;
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:51.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Loss Per Common share - basic and diluted</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.09)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.94%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.13)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.96%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22)
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:01.66%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:00.98%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 9pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">$</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:09.32%;border-top:2pt double #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.29)
				</td>
				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;font-family:Calibri;font-weight:bold;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">Three and Six Months ended June 30, 2016 and 2015</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">(unaudited)</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:48.14%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.44%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="5" valign="bottom" style="width:24.00%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td colspan="5" valign="bottom" style="width:23.98%;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">Six&nbsp;Months&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:00.44%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.16%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font><br /><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.14%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font><br /><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2015&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.14%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font><br /><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.14%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">June&nbsp;30</font><br /><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2015&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.44%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;border-top:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,802,696)
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,190,873)
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,478,787)
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,766,073)
				</td>
				<td valign="bottom" style="width:00.44%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Depreciation and amortization expense</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88,734&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,712&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>167,590&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,610&nbsp;
				</td>
				<td valign="bottom" style="width:00.44%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Amortization expense of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,017&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,938&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,033&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,710&nbsp;
				</td>
				<td valign="bottom" style="width:00.44%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Interest expense</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,163,413&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,023,774&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,166,440&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,018,522&nbsp;
				</td>
				<td valign="bottom" style="width:00.44%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Interest expense - deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,696&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,210&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,506&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.06%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,956&nbsp;
				</td>
				<td valign="bottom" style="width:00.44%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:48.14%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EBITDA - non GAAP</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.10%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,501,836)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,079,239)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,049,218)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.08%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.06%;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,572,275)
				</td>
				<td valign="bottom" style="width:00.44%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;font-family:Calibri;font-weight:bold;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">Six Months ended June 30, 2016 and 2015</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;">(unaudited)</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.04%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:74.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Cash flows from operating activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,478,787)
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,766,073)
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Adjustments to reconcile net loss to net cash used for operating activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Depreciation </font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>167,590&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,610&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Amortization of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,033&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,710&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Amortization of deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,506&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,957&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Provision for bad debts</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,600&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Stock-based compensation</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>752,789&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>696,625&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Interest added to note</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>187,002&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>340,870&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Change in assets and liabilities:</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Accounts receivable</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,337,732)
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(965,715)
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Inventory</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(852,362)
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(326,337)
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Prepaid expenses and other</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(190,586)
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(131,739)
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Accounts payable and accrued expenses</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,707&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>976,928&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Deferred Revenue</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,684&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,791)
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Net cash used for operating activities</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,405,556)
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,010,955)
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Cash flows from investing activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Purchase of property and equipment</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(456,910)
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(132,492)
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Acquisition of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(97,341)
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(54,075)
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Net cash used for investing activities</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(554,251)
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(186,567)
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Cash flows from financing activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Proceeds from issuance of common stock</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,770,734&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Debt issuance costs</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(180,142)
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Proceeds from exercise of stock options</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>323,510&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,071&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Net cash provided by financing activities</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>323,510&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,604,663&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Net increase / (decrease) in cash and cash equivalents</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,636,297)
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,407,141&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Cash and cash equivalents,</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> beginning of year</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,909,500&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,215,791&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Cash and cash equivalents,</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> end of period</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,273,203&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,622,932&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Supplemental disclosures of cash flow activity:</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.68%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:00.42%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:74.08%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Cash paid for interest</font></p>
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,964,256&nbsp;
				</td>
				<td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.02%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,649,881&nbsp;
				</td>
				<td valign="bottom" style="width:00.42%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
